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    Property profile & analytics

    6230 Orch Lk Rd West Bloomfield, MI 48322-2392

    • Office buildings
    • 22,053 SF
    • 2.77 lot acres
    OFF-MARKET
    Value Estimations
    $2,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0426013
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 6230 Orch Lk Rd

    Year built
    1988
    Lot size
    2.77 lot acres
    Property size
    22,053 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    X -18-27-429-022
    APU
    X1827429022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,801,000
      Market price range: $1.57M - $3.68M
      AI Estimate
      $1,925,000
      Market price range: $689k - $3.02M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,585,000
      Current use
      COMMERCIAL (GENERAL)
      $3,885,000
      Change: +50% Conversion: Easy
      RESTAURANT
      $3,815,000
      Change: +48% Conversion: Moderate
      RETAIL STORES
      $3,720,000
      Change: +44% Conversion: Moderate
      MEDICAL BUILDING
      $3,480,000
      Change: +35% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,705,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3618
    Latitude
    42.547
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $57,444
    $0.00
    $0.00
    $1,115,750
    -
    $0.00
    $0.00
    $2,231,500

    Comparable in this City

    • Value Estimation
      $3,425,000
      30,114 SF

      7399 Middlebelt Rd

      OFFICE BUILDING • 30,114 SF
      7399 Middlebelt Rd, West Bloomfield, MI 48322-4137
      View Details
    • Value Estimation
      $1,630,000
      15,884 SF

      7035 Orch Lk Rd

      OFFICE BUILDING • 15,884 SF
      7035 Orch Lk Rd, West Bloomfield, MI 48322-3674
      View Details
    • Value Estimation
      $685,000
      5,100 SF

      5767 Maple Rd Ste, Unit 400

      OFFICE BUILDING • 5,100 SF
      5767 Maple Rd Ste, West Bloomfield, MI 48322-4445
      View Details
    • Value Estimation
      $1,220,000
      8,314 SF

      6304 Orch Lk Rd

      OFFICE BUILDING • 8,314 SF
      6304 Orch Lk Rd, West Bloomfield, MI 48322-2396
      View Details
    • Value Estimation
      $2,090,000
      25,108 SF

      7115 Orch Lk Rd Ste, Unit 220

      OFFICE BUILDING • 25,108 SF
      7115 Orch Lk Rd Ste, West Bloomfield, MI 48322-3655
      View Details
    • Value Estimation
      $2,240,000
      19,885 SF

      5745 Maple Rd

      OFFICE BUILDING • 19,885 SF
      5745 Maple Rd, West Bloomfield, MI 48322-4468
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,000 SF

      West Bloomfield Office Building

      32,000 sqft office building for sale.
      Maple And Farmington Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing

      West Bloomfield Office Park

      Two-building office park with convenient parking and main road signage.
      7011-7013 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • $110,000

      Land For Sale

      Land available for purchase.
      0000 Blue Jay Way, West Bloomfield, MI 48322
      View Details
    • Contact for pricing

      Land with High Visibility

      Commercial land with excellent visibility in a growing area.
      Haggerty Rd West, Bloomfield Township, MI 48322
      View Details
    • $149,000
      0.81 Acres

      West Bloomfield Lakefront Land Parcel

      Lakefront land in West Bloomfield, perfect for building a dream home.
      Vl Leytonstone Blvd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      143,776 SF

      Established Retail Asset in West Bloomfield

      143,776 SF retail center in affluent West Bloomfield trade area.
      6303 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Bloomfield Office Space Available

      Office spaces for lease in West Bloomfield Township, Michigan.
      7399-7499 Middlebelt Rd West, Bloomfield Township, MI 48322
      View Details
    • Contact for pricing

      Office Space on Orchard Lake

      Divisible office suite available for lease on Orchard Lake Road.
      7125 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • Sponsored
      Contact for pricing

      MI, West Bloomfield - Farmington Rd

      Workspaces, services and support to help you work better in MI, West Bloomfield - Farmington Rd
      6450 Farmington Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 6250 Orchard Lake Rd.
      6250 Orchard Lake Rd West, Bloomfield Township, MI 48322
      View Details
    • Contact for pricing

      West Bloomfield Commercial Space Available

      Contemporary commercial space for lease in West Bloomfield, Michigan.
      33060 Northwestern Hwy West, Bloomfield Township, MI 48322
      View Details
    • Contact for pricing
      3,468 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
      6018 W Maple Rd, West Bloomfield, MI 48322
      View Details
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    West Bloomfield, MI 48322-2392
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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